| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $219M | — | $166M | — | 31.8% |
| Op. Income | $166M | — | $127M | — | 30.2% |
| Gross Margin | 77.8% | — | 80.1% | — | -2.3pp |
| Net Margin | 71.6% | — | 70.0% | — | 1.6pp |
| EPS (Diluted) | $0.73 | — | $0.56 | — | 30.4% |
| Free Cash Flow | -$193M | — | -$39M | — | -394.1% |
| Item | Amount |
|---|---|
| REVENUE | $219M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $170M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $53M |
| OPERATING INCOME | $166M |
| Interest Income | $20M |
| Interest Expense | $0 |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $146M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | $157M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $157M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $157M |
| D&A | $5M |
| EBIT | $166M |
| EBITDA | $171M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $219M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $170M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $53M |
| OPERATING INCOME | $166M |
| Interest Income | $20M |
| Interest Expense | $0 |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $146M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | $157M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $157M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $157M |
| D&A | $5M |
| EBIT | $166M |
| EBITDA | $171M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $157M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$22M |
| Other Non-Cash Items | -$184M |
| Change in Working Capital | -$172M |
| OPERATING CASH FLOW | -$192M |
| Capital Expenditure | -$40.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$40.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$8M |
| Other Financing Activities | $226M |
| NET CASH FROM FINANCING | $218M |
| FREE CASH FLOW | -$193M |
| Net Change in Cash | -$194M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $266M |
| Short-Term Investments | $0 |
| Net Receivables | $44M |
| Inventory | -$139M |
| Other Current Assets | $139M |
| TOTAL CURRENT ASSETS | $495M |
| PP&E (Net) | $2M |
| Goodwill | $134M |
| Intangible Assets | $18M |
| Long-Term Investments | $1.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$1.8B |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$488M |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $956M |
| Common Stock | $596M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $716M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $50M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $639M |
| Net Debt | $373M |
